Y crashed and you did not have a backup e s was contingent Rockwell Adventures. Your task was to help prepare the cash budget for February and March Unfortunately, the computer with the budget even a hard copy. You on a program to save bits of data from the budget Aher entering the following data in the budget, you may have enough formation to reconstruct the budget Click the loon to view w i onon borrowing cash) R ent Rockwall Adventures Combined Cash Budget February and March Urting internat Rockwall Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer even a hard copy. You ran a program to salvage bits of data from the budget fle. Alter entering the following data in the budget, you may have just enough information to reconstru Click the icon to view information on borrowing cash) Requirement Complete the following cash budget. (For amounts with a $0 balance, make sure to enter"O in the appropriate cel. Enter cash deficiencies with a minus sign or parentheses Enter amount is a net outflow. Round interest expense to the nearest whole dollar.) February 16.900 107.300 Beginning cash balance Plus: Cash collections Plus: Cash from sale of plant assets Total cash available Less: Cash payments (purchase inventory) Less: Cash payments (operating expenses) Total cash payments (1) Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Francing Plus: New borrowings Les Debt repayments Less Interest payments (2) Total effects of financing Ending cash balance (1) (2) Enter any number in the edit felds and then click Check Answer 1 Dan remaining More Info Rockwall Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 6%. Rockwall Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available. Print (pone] Check Answer Clear All 0 Incomplete budget wunting intern at Rockwall Adventures. mto salvage bits of data from the budg on on borrowing cash.) - A mputer with the budges construct the budget et. (For amounts with a $0 balance, ma terest expense to the nearest whole dolla Cash Budget February and March ps. Enter the net total effec February 16,900 March $ $ ? Beginning cash balance Plus: Cash collections Plus: Cash from sale of plant assets February 16,900 ? 0 assets 80,000 2,000 $ 107,300 107,300 ase inventory) 41,400 47.700 $?$ 47.700 ating expenses) 98.400 98.400 efore financing Total cash available Less: Cash payments (purchase inventory) Less: Cash payments (operating expenses) Total cash payments (1) Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Financing Plus: New borrowings Less: Debt repayments $? $ 21,000 25.100 21.000 esired mments ayments LOSS: Interest payments mancing (2) Total flects of financing Ending cash balance (1)-(2) in the edit fields and then click Check Answer Print Done Check
